Can I retire at age 50 with 953,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$78,698$77,997$77,313$76,645$75,994$74,156
2 years$38,959$38,234$37,531$36,849$36,187$34,348
3 years$25,715$24,986$24,285$23,609$22,959$21,174
4 years$19,094$18,367$17,673$17,009$16,374$14,658
5 years$15,122$14,400$13,715$13,065$12,448$10,804
6 years$12,476$11,759$11,084$10,448$9,849$8,281
7 years$10,586$9,875$9,211$8,590$8,010$6,517
8 years$9,169$8,465$7,811$7,206$6,645$5,227
9 years$8,068$7,370$6,728$6,138$5,596$4,251
10 years$7,187$6,496$5,866$5,291$4,768$3,495
11 years$6,467$5,783$5,164$4,605$4,101$2,898
12 years$5,868$5,191$4,583$4,039$3,554$2,419
13 years$5,361$4,691$4,095$3,566$3,099$2,030
14 years$4,927$4,264$3,679$3,165$2,716$1,711
15 years$4,551$3,895$3,322$2,823$2,392$1,447
16 years$4,222$3,574$3,012$2,528$2,114$1,228
17 years$3,933$3,291$2,740$2,271$1,874$1,045
18 years$3,675$3,041$2,502$2,047$1,667$891
19 years$3,446$2,819$2,290$1,849$1,485$761
20 years$3,239$2,619$2,102$1,675$1,327$650
21 years$3,052$2,440$1,933$1,520$1,187$557
22 years$2,883$2,277$1,782$1,382$1,064$477
23 years$2,728$2,130$1,645$1,259$955$410
24 years$2,587$1,996$1,521$1,148$859$352
25 years$2,457$1,873$1,409$1,048$773$302
26 years$2,337$1,760$1,307$959$696$260
27 years$2,227$1,657$1,214$877$628$224
28 years$2,124$1,561$1,128$804$566$192
29 years$2,029$1,473$1,050$737$511$166
30 years$1,940$1,391$978$677$462$143
31 years$1,857$1,315$912$621$418$123
32 years$1,779$1,244$851$571$378$106
33 years$1,707$1,178$794$525$342$91
34 years$1,638$1,117$742$483$310$79
35 years$1,574$1,059$694$445$280$68
36 years$1,514$1,005$649$410$254$58
37 years$1,456$955$607$377$230$50
38 years$1,402$907$569$348$209$43
39 years$1,351$863$533$321$189$37
40 years$1,303$821$500$296$172$32
41 years$1,257$781$468$273$156$28
42 years$1,213$744$439$252$141$24
43 years$1,172$709$412$233$128$21
44 years$1,132$676$387$215$116$18
45 years$1,095$644$363$198$106$15
46 years$1,059$615$341$183$96$13
47 years$1,024$587$321$169$87$11
48 years$992$560$301$156$79$10
49 years$960$535$283$145$72$9
50 years$930$511$266$134$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $953,000, adding $5,147 every year, while hoping to spend $22,288 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 61/14/25 Blend
49$953,000$953,000$953,000$953,000
50$1,055,515$1,005,006$990,235$1,112,574
51$1,139,463$1,030,537$999,693$1,177,447
52$1,231,227$1,056,572$1,008,722$1,245,347
53$1,331,581$1,083,112$1,017,282$1,318,976
54$1,441,375$1,110,158$1,025,334$1,398,896
55$1,561,549$1,137,710$1,032,837$1,485,727
56$1,693,135$1,165,765$1,039,745$1,580,153
57$1,837,271$1,194,324$1,046,012$1,682,924
58$1,995,208$1,223,381$1,051,589$1,794,871
59$2,168,327$1,252,935$1,056,425$1,916,907
60$2,358,147$1,282,979$1,060,465$2,050,038
61$2,566,341$1,313,508$1,063,654$2,195,373
62$2,794,752$1,344,514$1,065,931$2,354,137
63$3,045,410$1,375,988$1,067,233$2,527,674
64$3,320,551$1,407,921$1,067,495$2,717,471
65$3,622,639$1,440,301$1,066,648$2,925,164
66$3,954,387$1,473,115$1,064,619$3,152,555
67$4,318,784$1,506,347$1,061,333$3,401,634
68$4,719,122$1,539,980$1,056,710$3,674,589
69$5,159,029$1,573,995$1,050,666$3,973,835
70$5,642,501$1,608,372$1,043,114$4,302,033
71$6,173,940$1,643,087$1,033,963$4,662,116
72$6,758,198$1,678,114$1,023,116$5,057,314
73$7,400,617$1,713,424$1,010,473$5,491,191
74$8,107,084$1,748,986$995,929$5,967,672
75$8,884,087$1,784,767$979,373$6,491,084
76$9,738,772$1,820,729$960,690$7,066,196
77$10,679,013$1,856,830$939,759$7,698,264
78$11,713,485$1,893,028$916,454$8,393,081
79$12,851,748$1,929,273$890,642$9,157,032
80$14,104,333$1,965,515$862,186$9,997,152
81$15,482,846$2,001,695$830,939$10,921,199
82$17,000,072$2,037,755$796,752$11,937,718
83$18,670,103$2,073,628$759,467$13,056,132
84$20,508,461$2,109,243$718,916$14,286,822
85$22,532,252$2,144,525$674,929$15,641,233
86$24,760,327$2,179,391$627,323$17,131,975
87$27,213,453$2,213,754$575,911$18,772,950
88$29,914,516$2,247,519$520,496$20,579,476
89$32,888,735$2,280,586$460,870$22,568,438
90$36,163,896$2,312,845$396,820$24,758,444
91$39,770,620$2,344,181$328,120$27,170,002
92$43,742,647$2,374,470$254,536$29,825,714
93$48,117,157$2,403,578$175,823$32,750,490
94$52,935,119$2,431,365$91,724$35,971,785
95$58,241,678$2,457,679$1,974$39,519,855
96$64,086,582$2,482,359$0$43,428,046
97$70,524,650$2,505,231$0$47,758,130
98$77,616,291$2,526,113$0$52,527,777
99$85,428,069$2,544,810$0$57,781,176
100$94,033,339$2,561,112$0$63,567,606